Beijing disappointed those hoping for urgent economic stimulus, offering only a financial gimmick to delay the day of reckoning for local government finances.
With the election results so clear, I am anticipating a strong year-end rally, fueled by an early “January effect” as well as optimism for the new year.
Americans are deliriously happy the election is almost over. As the market loves certainty, let’s hope for a clear and certain outcome in the election results.